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By 2023, America Will Be In Worse Fiscal Shape Than Italy, Mozambique And Burundi
You all know that America's fiscal situation is deteriorating rapidly, right?
Sure you do. And you're probably also aware that Larry Kudlow's protestations notwithstanding, the CBO is likely correct to suggest that Trump's tax cuts are going to be seen in hindsight as a catastrophic mistake from the perspective of fiscal rectitude. Here's what Kudlow told state TV on Tuesday about the CBO:
They’re always wrong, especially with regards to tax cuts, which they never score properly because they
OK, The lie that has been used by republicans from St. Ronnie to GB II that “these tax cuts will pay for themselves” is just that, horsesh*t to sell the public and damn the economic system into more and more debt. Time and again this ploy is used to preach about fiscal responsibility, fu*k everything up and then blame the system that they fu*ked up. Screw-up the government then blame the government for being screwed-up.
The democratic response has not been much better and usually encompasses some half heart-ed attempts to fix some of the fallout after the republicans crash our markets so their billionaire pals can swoop in and buy up the bottomed out companies who survive.
The scam has worked for decades, I have seen it and used it myself to my own advantage. Guess what ? It is going to happen and work again, however, this time it may well take the whole rotten system with it.
Rome is burning.